Question: Problem 4-11 Present Value (LG4-4) What is the present value of a $1.650 payment made in six years when the discount rate is 8 percent?

Problem 4-11 Present Value (LG4-4) What is the present value of a $1.650 payment made in six years when the discount rate is 8 percent? (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Present value 10.39.77

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